Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)

Flutter Entertainment (FLUT) posted Gross Margin of 42.68% for Q1 2026, down 4.18% on a QoQ basis from 44.54% in Q4 2025, and down 395.0% year-over-year from 14.47% in Q1 2025.

Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends

Flutter Entertainment's Gross Margin history runs 4 years deep, the most recent figure standing at 42.68% for Q1 2026.

  • Quarterly Gross Margin fell 395.0% year-over-year to 42.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 44.25% (down 330.0% YoY) and the FY2025 annual result came in at 45.19%, down 251.0% from the prior year.
  • Gross Margin was 42.68% for Q1 2026 at Flutter Entertainment, down from 44.54% in the prior quarter.
  • Across five years, Gross Margin topped out at 50.32% in Q2 2023 and bottomed at 42.68% in Q1 2026.
  • A 4-year average of 46.43% and a median of 46.63% in 2025 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2024 — Gross Margin surged 200 bps — and 2026, when it plunged 395 bps.
  • Flutter Entertainment's Gross Margin stood at 46.15% in 2023, then climbed by 4 bps to 48.15% in 2024, then decreased by 7 bps to 44.54% in 2025, then dropped by 4 bps to 42.68% in 2026.
  • Business Quant data shows FLUT's Gross Margin at 42.68% in Q1 2026, 44.54% in Q4 2025, and 42.86% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 42.68%
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 42.32%
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn 69.98%
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn 35.69%
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 50.60%
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn 99.82%
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn 95.45%
10 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn 85.09%

Historic Data

Download Data
DateValue
Mar 31, 2026 42.68%
Dec 31, 2025 44.54%
Sep 30, 2025 42.86%
Jun 30, 2025 46.79%
Mar 31, 2025 46.63%
Dec 31, 2024 48.15%
Sep 30, 2024 46.06%
Jun 30, 2024 49.18%
Mar 31, 2024 47.22%
Dec 31, 2023 46.15%
Sep 30, 2023 45.82%
Jun 30, 2023 50.32%
Mar 31, 2023 47.19%